The Ryder’s Uptown Grill received a bill of $400 from the Erml Advertising Agency. The owner, John Ryder, is postponingpayment of the bill until a later date. The effect on specific items in the basic accounting equation is

a. a decrease in Cash and an increase in Accounts Payable.

b. a decrease in Cash and an increase in J. Ryder, Capital.

c. an increase in Accounts Payable and a decrease in J. Ryder, Capital.

d. a decrease in Accounts Payable and an increase in J. Ryder, Capital.

Answer rating: 100% (QA)

Solution Correct answer is d an increase in accounts payable and an in... View the full answer